SB0202 (CH0742)

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2017 Regular Session



Higher Education - University System of Maryland - Quasi-Endowment Funds

Sponsored by:

Senator King


Approved by the Governor - Chapter 742

Synopsis:Authorizing the Board of Regents of the University System of Maryland to make a one-time transfer of no more than $50,000,000 from the State-supported fund balance to a quasi-endowment fund; and limiting the use of specified proceeds for facility renewal projects relating only to capital facilities used for State-supported activities.
Analysis:Fiscal and Policy Note
All Sponsors:Senators King, Benson, Currie, Feldman, Ferguson, Kagan, Kelley, Manno, Peters, Rosapepe, Smith, Young, and Zucker
Additional Facts:Cross-filed with: HB0437
Introduced in a prior session as: SB0583 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingAppropriations  View Committee Hearing
Broad Subject(s):Higher Education
Narrow Subject(s):Construction
Public Buildings and Facilities -see also- Stadiums; St Hse
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
State Universities and Colleges
Statutes:Article - Education

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November 28, 2017 1:09 P.M.